iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Up – Still a Buy?

iShares Ethereum Trust ETF (NASDAQ:ETHA) shares gapped up before the market opened on Tuesday . The stock had previously closed at $13.82, but opened at $14.18. iShares Ethereum Trust ETF shares last traded at $14.12, with a volume of 649,119 shares changing hands.

iShares Ethereum Trust ETF Stock Performance

The firm’s 50-day moving average price is $18.26 and its 200-day moving average price is $21.53.

Institutional Trading of iShares Ethereum Trust ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Copia Wealth Management purchased a new position in shares of iShares Ethereum Trust ETF during the fourth quarter valued at about $41,000. LM Advisors LLC purchased a new position in iShares Ethereum Trust ETF during the 4th quarter valued at approximately $351,000. Formidable Asset Management LLC bought a new stake in iShares Ethereum Trust ETF in the 4th quarter worth approximately $282,000. WCG Wealth Advisors LLC bought a new stake in iShares Ethereum Trust ETF in the 4th quarter worth approximately $457,000. Finally, Elequin Capital LP bought a new position in shares of iShares Ethereum Trust ETF during the 4th quarter valued at approximately $23,945,000.

About iShares Ethereum Trust ETF

The iShares Ethereum Trust ETF (ETHA) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Ether, less expenses and fees. ETHA was launched on Jul 24, 2024 and is issued by BlackRock.